The "Show Me" state is being shown they made the wrong choice...
https://www.dailykos.com/stories/20...out-of-business-by-Labor-Day?detail=emaildkre
Owner of Missouri nail company says Trump's tariffs will force them out of business by Labor Day
Jen Hayden
Daily Kos Staff
Monday June 25, 2018 · 7:52 AM PDT
Donald Trump’s ill-advised trade war is striking the heart of Trump country, little Poplar Bluff, Missouri. Located in Southeast Missouri, near the Arkansas border, the population just above 17,000 and the Mid Continent Nail Corporation employs a whopping 500 people in the area. Owner George Skarich says Donald Trump’s tariffs are hurting the company so bad that all 500 of his employees will be out of work by Labor Day. The layoffs have already begun. From the SE Missourian:
The workers at Mid Continent Nail Corporation aren’t the only ones in Missouri feeling the pain of Trump’s tariffs. Soybeans are Missouri’s #1 crop and soybean prices are tanking. From the St. Louis Post-Dispatch:
https://www.dailykos.com/stories/20...out-of-business-by-Labor-Day?detail=emaildkre
Owner of Missouri nail company says Trump's tariffs will force them out of business by Labor Day
Jen Hayden
Daily Kos Staff
Monday June 25, 2018 · 7:52 AM PDT
Donald Trump’s ill-advised trade war is striking the heart of Trump country, little Poplar Bluff, Missouri. Located in Southeast Missouri, near the Arkansas border, the population just above 17,000 and the Mid Continent Nail Corporation employs a whopping 500 people in the area. Owner George Skarich says Donald Trump’s tariffs are hurting the company so bad that all 500 of his employees will be out of work by Labor Day. The layoffs have already begun. From the SE Missourian:
Mid Continent Nail laid off 60 of its 500 employees last week, George Skarich, the company's executive vice president for sales, said Thursday. Another 200 layoffs could come in the next two weeks, Skarich said.
A 25 percent tariff on steel that started June 1 on the wire used to make the nails is pricing Mid Continent out of the market, said Skarich. A 10 percent tariff is also now being assessed against aluminum. Only imports from Argentina, Australia, Brazil and South Korea are exempted from the tariffs.
Mid Continent Nail is among the top three manufacturers in Poplar Bluff, and produces half of the nails made in the United States.
Considering Butler County, Missouri, went 79.2 percent for Donald Trump in 2016, it would seem a whole lot of Trump supporters will soon be looking for new jobs in Missouri and sadly, there don’t appear to be any new manufacturing jobs on the horizon in Butler County. A 25 percent tariff on steel that started June 1 on the wire used to make the nails is pricing Mid Continent out of the market, said Skarich. A 10 percent tariff is also now being assessed against aluminum. Only imports from Argentina, Australia, Brazil and South Korea are exempted from the tariffs.
Mid Continent Nail is among the top three manufacturers in Poplar Bluff, and produces half of the nails made in the United States.
The workers at Mid Continent Nail Corporation aren’t the only ones in Missouri feeling the pain of Trump’s tariffs. Soybeans are Missouri’s #1 crop and soybean prices are tanking. From the St. Louis Post-Dispatch:
Midwestern farmers, meanwhile, are reeling from tariffs that China announced last week on $50 billion worth of U.S. products, including soybeans, pork and chicken. July futures prices for soybeans, Missouri’s most important crop, have fallen almost 15 percent in the last two months.
“We don’t want a trade war,” said Gary Wheeler, executive director of the Missouri Soybean Association. “That’s the worst-case scenario for us and for China.”
The St. Louis Post-Dispatch notes that 40,000 Missouri workers overall will be affected by the tariffs. Mid Continent Nail is scrambling to get a tariff exemption from Trump, but Missouri as a whole better brace itself for tough economic times ahead.“We don’t want a trade war,” said Gary Wheeler, executive director of the Missouri Soybean Association. “That’s the worst-case scenario for us and for China.”
